Indian economy became the 5th largest economy in the world.

  • India has overtaken the United Kingdom (UK) to become the 5th largest economy in the world and now America, China, Japan, Germany are ahead of India.
  • According to the International Monetary Fund (IMF), India has made progress in becoming the 5th largest economy in the last 3 months of 2021.
  • According to GDP data from IMF, India has increased its growth in the 1st quarter. The Indian economy is projected to grow by over 7% in 2022.
  • On the basis of nominal cash as per dollar exchange rate, the size of the Indian economy has increased to $ 854.7 billion in the March quarter, compared to $ 816 billion of the Britain economy on the same basis.

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